Economics
Emerging-Market Central Banks Rethink Rates on Low Inflation
- Asia central banks could follow India and ease policy: Nomura
- Developing economies are more vulnerable to food, fuel prices
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The global tide of weaker inflation is taking an extra toll on emerging markets, putting central banks under pressure to lean away from their bias toward raising interest rates.
In the past month, JPMorgan Chase & Co. has shifted forecasts for 10 emerging-market central banks toward looser monetary policy amid the slowing of price pressures, while Bank of America Corp. estimates policy makers are sounding the most dovish since 2009.